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Dec 2 - Half of all Americans work in low-wage jobs


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 2 weeks ago '19        #26
Gold Face  topics gone triple plat - Number 1 spot x1
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 DadeCounty said
You tell us hairdresser




No matter what you say your psych profile screams sad empty human with no self esteem or control in their life

 DadeCounty said
Nah lol it’s more of a reminder, anytime you talk tough I post the pic and remind you That your a fu*king hairdresser and should probably just shut the fu*k up.



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 2 weeks ago '07        #27
yolaboy  topics gone triple plat - Number 1 spot x2
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Although the U.S. is on a record streak for job-creation, many Americans still feel like they can't get ahead ó it's not their imagination. The last three decades have seen the economy churn out more and more jobs that offer inadequate pay, a group of researchers found.

"The history of private-sector employment in the U.S. over the past three decades is one of overall degradation in the ability of many American jobs to support households ó even those with multiple jobholders," they wrote.

The group wants to popularize a new economic metric, called the Job Quality Index, that goes beyond the usual labor market barometers, which tend to focus on the quantity of employment. To be sure, there has always been plenty of jobs that don't pay well. But, as the index's creators found when crafting their measurement, there is now a growing number of low-paying jobs relative to employment with above-average pay.

"In 1990, the jobs were pretty much evenly divided" said Daniel Alpert, a founder of Westwood Capital and one of the creators of the index. In the process of running the numbers, he said, "We discovered that 63% of all jobs that were created since 1990 were low-wage, low-hour jobs. That was a pretty stunning statistic."

To calculate the index's value, the researchers split up the jobs created every month into those that pay above average and those that pay below average, and then divide one figure into the other. An index value below 100 means there are more lower-paying jobs relative to higher-paying jobs; a value above 100 means the opposite.

Other entities involved in the creation of the index are the Cornell University Law School, the University of Missouri at Kansas City, the Coalition for a Prosperous America and the Global Institute for Sustainable Prosperity.

This month, the index is just over 80, meaning there are 80 high-paying jobs for every 100 low-paying jobs. That's a stark drop from 1990, when there were 94 high-paying jobs for every 100 low-paying jobs.

"There aren't enough 'good jobs' to go around," the Brookings Institution proclaimed earlier this month, when it released a report that found 44% of all workers are low-wage workers. These workers make a median pay of just $18,000 a year.
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